So how are they going to fund the acquisition? They have already said they will seek shareholder approval to place shares beyond the 15% rule. I would say they would need at least AUD$10 million to fund acquisition and a healthy exploration budget (current mkt cap $9 million). Unless they see a run on the share price, we will be looking at a massive discount, and a doubling of the shares on issue (not to mention the plethora of performance rights).
For this reason I sold out today. I'll buy back in post acquisition when the share price is 15c.
Good luck to all.
So how are they going to fund the acquisition? They have already...
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Last
10.0¢ |
Change
0.004(4.17%) |
Mkt cap ! $26.35M | |||
| Open | High | Low | Value | Volume |
| 9.2¢ | 10.0¢ | 9.2¢ | $158.9K | 1.625M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 804 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 215381 | 6 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
9.8¢ |
Change
0.004 ( 4.26 %) |
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| Open | High | Low | Volume | ||
| 9.4¢ | 10.0¢ | 9.3¢ | 829211 | ||
| Last updated 15.46pm 01/05/2024 ? | |||||
| GUE (ASX) Chart |